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    Innovation Advisory

    Manage R&D investment risk, reduce costs and maximise innovation outputs

    Our Innovation Advisory services reduce the financial risk associated with conducting R&D by optimising your organisation’s innovation management architecture.

    We design (or modify) processes to reduce the cost inefficiencies associated with performing activity that is by its nature uncertain, while maximising your prospects of introducing the revenue generating new products/services that help deliver sustained business growth.

    Innovation Management Assessment

    By adopting a holistic approach that integrates tax incentives with innovation management practices, companies can unlock substantial cash flow benefits and streamline operational processes. 

    Steve Blacker

    Partner , Tax and Legal

    KPMG in the UK


    Step 1: Establishing the innovation baseline


    A typical client delivery begins with a current state assessment of your innovation management practice. We couple this with quantitative measurement of your innovation performance to establish the “innovation baseline.”

    Step 2: Turn insights into prioritised action


    Using data and insights gathered during our innovation baseline activity, we perform gap analysis against international standards to identify aspects of your current performance that can be optimised. We then work with you to prioritise the tasks that will bring about cost reduction and drive improved R&D outputs.

    Step 3: Deliver the intervention


    Depending upon your specific challenges and priorities, we offer a range of innovation management solutions:

    Strategy, governance, and control 

    • Innovation strategy: enhance your innovation strategy by reviewing, developing, and aligning it for optimal results.

    • Innovation governance: design and implement a framework to guide and drive your innovation activity.

    • Horizon scanning and strategic foresight: outside-in market analysis, competitive analysis, market gap analysis and benchmarking.

    • Innovation accounting: management data and systems to effectively monitor and measure the performance of innovation activity to maximise ROI.

    Search, select, and develop

    • Innovation ecosystem: create an ecosystem of enhanced innovation capabilities by connecting you to alliances, partners and networks.

    • Portfolio management: proactive and strategic management and allocation of resources – financial, physical, human – to maximise innovation ROI.

    Cost reduction

    • Tax consultancy and regulatory compliance: specialist tax support to optimise tax benefits, including R&D tax credits and Patent Box.

    • Grants and funding: expert support in grants and funding acquisition, increasing your chances of securing funding aligned with your innovation strategies.





    Grants Advisory

    Our grant support is closely integrated with our broader expertise in innovation management and innovation incentives. By aligning grant opportunities with your innovation goals and strategies, we ensure that your grant applications are well-crafted and strategically targeted towards initiatives that have the greatest potential to drive innovation and business growth. This integrated approach maximises the impact of your innovation efforts while optimising your chances of securing funding for key projects.

    At any one time there are a wide range of grants in the UK to support business, spanning industry sectors, geographies, and technologies.

    We can help clients access government funding for growth and assist in developing appropriate strategies that can help generate the best value and return on investment.

    It is important to remember grants are considered ‘gap’ funding and typically not for retrospective or pre-approved projects. Early conversations with grant funding bodies are recommended.

    We can help your business to access government funding for growth and help develop appropriate strategies that will generate the best value and return on investment.

    Join the conversation on Beyond


    Join our Leaders in Innovation community on Beyond to connect with industry peers, share ideas, and gain insights from our experts.


    Beyond

    Where leaders belong.

    Consulting

    Bringing together expertise and technology to tackle your biggest challenges and get you to great outcomes faster, with less risk and at scale.

    Tax

    Helping you navigate tax policy with specialist knowledge and technology.

    Tech Innovator in the UK

    Make a difference through innovation


    Our people

    Join our Leaders in Innovation community on Beyond to connect with industry peers, share ideas, and gain insights from our experts.

    Steve Blacker

    Partner , Tax and Legal

    KPMG in the UK

    Dan Burton

    Senior Manager - Innovation Advisory

    KPMG in the UK

    Gerard Campbell

    Senior Manager, Location Analysis and Incentives

    KPMG in the UK


    Get in touch

    Read enough? Get in touch with our team and find out why organisations across the UK trust us to make the difference.

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